Osage Exploration and Development Inc (OEDVQ)

[swanlinbar]

This would be great news-from SI-Osage Exploration (OEDV.OB) -- I heard an unsubstantiated rumor (from someone who had allegedly drove to the wellsite) that the first well was fracked last week. If so this would be great news, its hard to get a frac done in those parts these days. I believe Osage may still be trying to line up more acreage so they would understandably want to defer putting out any flow rates for as long as possible, but given that the revenue from this first well alone could increase their revenue by about 50% it would seem that from an SEC perspective they would be obliged to report the flow rate fairly soon after the well has cleaned up. Not sure how long it takes for a typical Mississippian horizontal well to clean up.
http://www.siliconinvestor.com/readmsg.aspx?msgid=27931826